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Jan 12, 2013 4:50pm EST
doing this. a law professor at harvard wrote a piece, an op-ed in "christian science monitor" in december of 2008 or so. ncrc proposed doing this and i wrote an article in "new republican" in march of 2010 suggesting that treasury could use tarp funds and act exactly the homeowners loan corporation had done and not do this as a profit but as a way to help homeowners. >> a real quick point on just to clarify my position. i'm not opposed to the in concept the use of eminent domain for borrowers who are upside down, who are current. i'm simply saying that the priority would be in my view for those who are already experiencing financial distress. when you get to those who are current there are other tests that can be put in place. there needs to be a lot more detail on the table before there is a vote of yes or no. for example, if you're paying 70% of your income to keep that mortgage current do you want to force the homeowner to go into default and wreck their credit score and in the process of doing that can't buy clothes, food, etc.? i think there are parameters that can be in pla
Search Results 0 to 0 of about 1